This blog will describe Jimmybees latest Market thoughts. It also will include thoughts on Jimmybees ongoing trading.
Thursday, April 06, 2006
The Dow was down 23 points today on average volume. Advance/declines were negative. Employment report tomorrow. Gold touched $600 dollars today. It has been quite a rise. This is about as far as it goes I think, short term. I sold my ABX calls. I think that it could go a bit higher in the next 2 weeks but the signal to sell, for me anyway, was today. I did what I could. The profit was over 300%. But as I said before this trade should have been a lot better. I needed more patience. I was too early. And then sold half of it at a big loss. I hope I learn something from all this. I should by now. I later sold the NEM calls. I am hoping to buy them back cheaper in a couple of days. The profit there was a little over 80%. Perhaps this wasn't the thing to do. But now it's done. I will go from here. It is a frustrating game and a very tough business. That is reality. I am still feeling ill and will have to end this post...
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